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speaking on on cnbc thursday, the co-chairs of president obama's deficit commission alan simpson and erskine bowles say you law make are haven't been focused on what's really right for the country. >> leaders who think it would be to their advantage to go off a fiscal cliff. what a wonderful trait that is. that we can win more democrats if we let it go over, we can win more with republicans. this whole game is not about win or lose. it's about how do we make the dems lose and how do we make the republicans lose. people are sick of that and they're ashamed of if. >> if we do get our house in order, the future of america is really bright. and we can compete with the best and brightest. if we don't, we're well on on our way to becoming a second rate power. >> simpson isn't hopeful a deal will be reached before the end of the year. bowles sees a one third chance. on that optimistic note, joining us is ben white from politico. so what's it going to be, economic chaos? >> no, i think i'm at more saa more sanguine. republicans lost seats in the house and senate and big at the presidential l
speaking on on cnbc thursday, the co-chairs of president obama's deficit commission alan simpson and erskine bowles say you law make are haven't been focused on what's really right for the country. >> leaders who think it would be to their advantage to go off a fiscal cliff. what a wonderful trait that is. that we can win more democrats if we let it go over, we can win more with republicans. this whole game is not about win or lose. it's about how do we make the dems lose and how do we...
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Nov 16, 2012
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jon: right. >> that's a great point. jon: he told those two male senators, mccain and lindsey graham, called them out by name and said, essentially, if you want to criticize her, come after me. [laughter] interesting times in washington. judy miller, kirsten powers, thank you both. >> thank you. jon: be sure to tune in tomorrow, 2:30 eastern time and again at 11:30 p.m. where we will cover the coverage and uncover media bias, or so we hope. and right after "happening now," be sure to tune in to "america live" with megyn kelly. she talked with congressman peter king. he has a lot to say about the administration's story after the benghazi attacks and about the petraeus testimony that took place behind closed doors just this morning. jenna: we'll look forward to that, a lot more clarity on what he's thinking right now. in the meantime, we're going to move on to this part of hurricane sandy. from new jersey to new york, places of worship are struggling to recover after that storm's wrath. normally, a place of worship is a pl
jon: right. >> that's a great point. jon: he told those two male senators, mccain and lindsey graham, called them out by name and said, essentially, if you want to criticize her, come after me. [laughter] interesting times in washington. judy miller, kirsten powers, thank you both. >> thank you. jon: be sure to tune in tomorrow, 2:30 eastern time and again at 11:30 p.m. where we will cover the coverage and uncover media bias, or so we hope. and right after "happening now,"...
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Nov 16, 2012
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"squawk on the street" begins right now. >>> president obama has already met with labor leaders, progressives and a dozen ceos but this morning he holds a meeting with congressional leaders on avoiding a fiscal cliff. wall street wants to know if they can strike a deal. welcome to "squawk on the street" i'm ellitel melissa lee. carl quintanilla is at the white house this morning. good morning. >> good morning. as you mention, melissa, an amazing week of meeting at the white house. none of them really matter when you put them up against the meeting that's about to happen in this building in an hour from now. speaker boehner, senator mcconnell, senator reid, democratic leader pelosi, all will come here and speak for a couple hours. day one of negotiations. nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that we've heard so much about all week long is that for real or are talks going to break down in early stages? the market specifically is going to depend on that tone today and we'll bring that liv
"squawk on the street" begins right now. >>> president obama has already met with labor leaders, progressives and a dozen ceos but this morning he holds a meeting with congressional leaders on avoiding a fiscal cliff. wall street wants to know if they can strike a deal. welcome to "squawk on the street" i'm ellitel melissa lee. carl quintanilla is at the white house this morning. good morning. >> good morning. as you mention, melissa, an amazing week of...
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obama's fault, right? >> i think the conversation about the fiscal cliff. nobody likes it. >> shep: nobody likes it. there is so much news now, we don't have time to talk about it. >> i wish we did. >> shep: thank you. >> thank you. >> shep: the u.s. economy remains on shaky ground. no question, europe has plunged back into a recession. it's official. its first in three years. that's according to government statistics. they show that the collective euro zone, the economy there shrunk by .1% between july and september. after falling by .2% in the previous quarter and two back to back negative quarter social security a recession by definition. these 17 nations make up the euro zone. they include greece and spain where the unemployment rate now stands higher than 25%. now economists are warning this new recession could stretch to next year, adding to the debt crisis, which has triggered violent protests all across europe. tens of thousands of people are in need and their fellow citizens are setting a world record to feed them. our top story as we go around the
obama's fault, right? >> i think the conversation about the fiscal cliff. nobody likes it. >> shep: nobody likes it. there is so much news now, we don't have time to talk about it. >> i wish we did. >> shep: thank you. >> thank you. >> shep: the u.s. economy remains on shaky ground. no question, europe has plunged back into a recession. it's official. its first in three years. that's according to government statistics. they show that the collective euro zone,...
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in new jersey right after the storm the president promised to see the rebuilding through until it is complete. >> and i meant it. so i'm going to come back today but i'm also going to be coming back in the future to make sure we have followed through on that commitment. >> reporter: there are still thousands of people without power. 17 days after that storm and countless homes that are unfortunately beyond repair. >>> an oakland based national youth program is about to receive a prestigious award. it's one of 12 programs chosen out of a pool of 350 organizations. the award is presented at a ceremony at the white house. youth radio teaches students how to produce radio programs. >>> organizers of a christmas party for some special children's day may be a little less special. the party is for kids with cerebral palsy. it has been a hit for several years. but it's getting harder to raise money. families with the impairment are often isolated from other children. >> we go to other parties and you know, they'll say, oh she walks funny. or why does she make those sounds. well at a party li
in new jersey right after the storm the president promised to see the rebuilding through until it is complete. >> and i meant it. so i'm going to come back today but i'm also going to be coming back in the future to make sure we have followed through on that commitment. >> reporter: there are still thousands of people without power. 17 days after that storm and countless homes that are unfortunately beyond repair. >>> an oakland based national youth program is about to...
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in new jersey right after the storm the president promised to see the rebuilding through until it is complete. >> and i meant it. so i'm going to come back today but i'm also going to be coming back in the future to make sure we have followed through on that commitment. >> reporter: there are still thousands of people without power. 17 days after that storm and countless homes that are unfortunately beyond repair. >>> an oakland based national youth program is about to receive a prestigious award. it's one of 12 programs chosen out of a pool of 350 organizations. the award is presented at a ceremony at the white house. youth radio teaches students how to produce radio programs. >>> organizers of a christmas party for some special children's day may be a little less special. the party is for kids with cerebral palsy. it has been a hit for several years. but it's getting harder to raise money. families with the impairment are often isolated from other children. >> we go to other parties and you know, they'll say, oh she walks funny. or why does she make those sounds. well at a party li
in new jersey right after the storm the president promised to see the rebuilding through until it is complete. >> and i meant it. so i'm going to come back today but i'm also going to be coming back in the future to make sure we have followed through on that commitment. >> reporter: there are still thousands of people without power. 17 days after that storm and countless homes that are unfortunately beyond repair. >>> an oakland based national youth program is about to...
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now elizabeth warren was going to serve under a barack obama as a consumer watchdog in the financial industry but she was prevented from assuming that role because she was actually talking about accountability so they would allow her to assume that position but now she's a senator in massachusetts is she going to just do anything to stop this well you know i bet they wish that they didn't stop her from being consumer financial protection bureau chief and now they've got a deal with her in the senate there's a lot of people that assume she's going to be on the banking committee maybe even have some kind of leadership role i think that's a little bit wishful thinking but if elizabeth warren stays true to allah for her promises and all of her rhetoric before i think she'll be talking about banking no matter where she is even if she is on some ag committee or put on some obscure other committees have been any communication with elizabeth warren's office and your group who has been a tireless whistleblower in watchdog for accounting fraud is are going to be sort of better communication is
now elizabeth warren was going to serve under a barack obama as a consumer watchdog in the financial industry but she was prevented from assuming that role because she was actually talking about accountability so they would allow her to assume that position but now she's a senator in massachusetts is she going to just do anything to stop this well you know i bet they wish that they didn't stop her from being consumer financial protection bureau chief and now they've got a deal with her in the...
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and i think they are right. with one appropriate government involvement to stop these things from happening. so, you would think that our obligation would be to figure out, he had the authority? i respect that chairman greatly but i've never understood him to be a great legal scholar. seems to be there's some ambiguity. if there's an ambiguity it's our job to clear it up. you think there's an ambiguity because the law we drafted in 1997 said one thing and the court came in and said something else. you don't know what you can add, what do you can't act. if want to make you act in the future, other than just to beat you up do not i can, we got to make sure you have all of the authority appropriate to act. courts have thrown out part of that 1997 law. the courts themselves divided on whether section 503(a) continue to any legal force and the western states, 503(a) is not affected while in texas, louisiana and mississippi it is. and as a map put together by the compounding industry itself shows there's a very large
and i think they are right. with one appropriate government involvement to stop these things from happening. so, you would think that our obligation would be to figure out, he had the authority? i respect that chairman greatly but i've never understood him to be a great legal scholar. seems to be there's some ambiguity. if there's an ambiguity it's our job to clear it up. you think there's an ambiguity because the law we drafted in 1997 said one thing and the court came in and said something...
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where you are sitting right now, the lapped of israel is not occupied. the land of israel belongs to the jewish state. >> say that to the 2 million palestinians that occupy it. that's not the point. >> the palestinians have their own land and instead of using it for peaceful entity of their own, they are using it to shoot my own kids. i served in the army, in many combat missions. believe me, i want peace more than anyone. i have no desire to go fight, risk myself and have my kids become orphans. not something i want to do. but faced with a very determine ed radical islamic enemy, we're not going to give in. we'll fight as much as necessary to protect the jewish state. >> but that kind of grandstanding, pompous statement, black and white clap trap doesn't necessarily ensure the long-term safety of the state of israel, something we're all interested in. the only way you achieve that is waging a battle of hearts and mind of the people of gaza and bringing on board the majority of people -- >> is that what the people of the united states -- >> we didn't bri
where you are sitting right now, the lapped of israel is not occupied. the land of israel belongs to the jewish state. >> say that to the 2 million palestinians that occupy it. that's not the point. >> the palestinians have their own land and instead of using it for peaceful entity of their own, they are using it to shoot my own kids. i served in the army, in many combat missions. believe me, i want peace more than anyone. i have no desire to go fight, risk myself and have my kids...
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you know, where you're sitting right now, the land of israel is not occupied. the land of israel belongs to the jewish state. >> say that to the palestinians. >> that's not the point. >> the palestinians have their own land and instead of using it for a peaceful entity of their own, they're using it to shoot -- >> that's not fair. >> we want peace. believe me, i want peace more than anyone. i have no desire to go out and fight and risk myself and have my kids become orphans. that's not something we want to do. but faced with a very determined radical islamic enemy that wants to wipe us out, i'll be very clear. we're going to stand strong. we're not going to give in to any radical islamists that want to kill us. we will fight as much as necessary to protect the jewish state. >> but that kind of grandstanding, pompous statement, black and white claptrap doesn't necessarily ensure the long term safety of the state of israel which is something we're all interested in. the only way you achieve that is by waging a battle of hearts and minds on the people of gaza and
you know, where you're sitting right now, the land of israel is not occupied. the land of israel belongs to the jewish state. >> say that to the palestinians. >> that's not the point. >> the palestinians have their own land and instead of using it for a peaceful entity of their own, they're using it to shoot -- >> that's not fair. >> we want peace. believe me, i want peace more than anyone. i have no desire to go out and fight and risk myself and have my kids...
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has a legacy that he has to protect right now. have watched as democrats have picked up seats in the senate and the house and president obama has been reelected. they do not want to be seen as obstacles to a deal that pushes the economy into a better place. both sides have some political reason to do business right now. in the short term, there will be some kind of bridge. lori: speaking of that bridge in the republican, we did hear from john boehner once today. revenue has to be part of this deal. that is -- what do you mean that means? >> i think what it means is they have been talking about raising taxes on people making more than 250,000 were certainly more thhn 1 million. the billion landmark is acceptable. what really will go on is democrats will insist on more than $250,000. republicans may lower their estimates for people who are billionaires for people who make half a million. melissa: to think we will see any real spending cuts, though? >> oh, absolutely. if you go back to simpson bowles, if you talk about democrats, peo
has a legacy that he has to protect right now. have watched as democrats have picked up seats in the senate and the house and president obama has been reelected. they do not want to be seen as obstacles to a deal that pushes the economy into a better place. both sides have some political reason to do business right now. in the short term, there will be some kind of bridge. lori: speaking of that bridge in the republican, we did hear from john boehner once today. revenue has to be part of this...
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. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>> former director of the budget office, peter orszag will join us, jeff sessions is with us, actress jada pinkett smith will join us and kelly reilly from the movie "flight." "starting point" begins right now. welcome back, everybody. our team this morning, richard socarides is with us. economics editor at the economist. will cain is a columnist at the blaze.com. john berman is with us, helping us out with news. christine romans is sticking around, helping us out with business. fiscal cliff, 46 days and counting, we'll fall off the fiscal cliff. although some people have talked ab
. >>> general petraeus on capitol hill right now. the first time we've seen him since he resigned over an affair. will he put those questions to rest about benghazi? >>> president obama welcomes congressional leaders to the white house this morning. same people, same ideas on the table. is there a new willingness, though, to compromise? >>> a tragedy in texas. a freight train crashes into a parade float carrying veterans. the question is, what went wrong? >>>...
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i think that what we are dealing with right at this moment is a signal from senator mccain that they are not going to cooperate with the second administration of barack obama, that they are going to stall out all of his nominations. this is their warning shot that they are going to filibuster her appointment and perhaps anybody else's. i think that's what it is. and here is the intelligence committee member. >> again, i'm really confused. the only point in contention really is whether or not this attack emerged from a protest and as soon as the information became clearer and it did take some time for that to happen, then that was perfectly clarified. there is absolutely -- it's inconceivable to me for anybody to speculate there would be a deliberate misleading of the american people. why would there be? it's perfectly inconsequential al. there was a spontaneous demonstration and the terrorist groups organize niced to take tunistic advantage of it or not. in any case, there is no advantage to mislead the american people in that regard. i mean you have to have motivation behind it and
i think that what we are dealing with right at this moment is a signal from senator mccain that they are not going to cooperate with the second administration of barack obama, that they are going to stall out all of his nominations. this is their warning shot that they are going to filibuster her appointment and perhaps anybody else's. i think that's what it is. and here is the intelligence committee member. >> again, i'm really confused. the only point in contention really is whether or...
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from president obama to our historic numbers of democratic women. and out of the problems we test and we asked them about everything because you know how this polling goes. i'm thrilled they were thrilled to do one more poll after the election, the candidates they voted against they were really concerned those candidates were going to take us back to the failed policies of the past. they got it. they don't want to roll the clocks back. they want to move forward. and more than being wrong on any issue of debt or health care or taxes, women recognized the total "mad men" gop agenda is what they did not want and they reacted that way. i say the growth will be sustainable in years to come. we have the right agenda and we just need to keep building and talking to our women, our fellow sisters across the country and the men who stand with us because they know that together we can make a great, great difference. and with that, i think about just some of the incredible women who have done so much and we do have a couple of special guests here today and if i
from president obama to our historic numbers of democratic women. and out of the problems we test and we asked them about everything because you know how this polling goes. i'm thrilled they were thrilled to do one more poll after the election, the candidates they voted against they were really concerned those candidates were going to take us back to the failed policies of the past. they got it. they don't want to roll the clocks back. they want to move forward. and more than being wrong on any...
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complex, barack obama's team is organizing. and they're targeting. and instead of talking about conspiracies in the media, josh, they're targeting voters in ohio. instead of talking about how the polls are skewed, they're making phone calls. while we are basically in this cocoon where our websites, our tv shows and our radio shows, talk show hosts are telling us, everything's okay. you're going to win. and anybody that says otherwise is just a part of the left-wing socialist conspiracy. >> i think that's why there was that thunderstruck disbelief among conservatives and apparently among romney himself the day after the election that they had actually lost. they didn't belief it would happen. and i think if romney had had a chance to break free of that entertainment complex, hadn't felt obligated to consistently kind of pander to it in his ineffective style, it would be more like the romney in the first debate who had that broader appeal that you're talking about, he might have been more successful. >> i'm going to save the supe
complex, barack obama's team is organizing. and they're targeting. and instead of talking about conspiracies in the media, josh, they're targeting voters in ohio. instead of talking about how the polls are skewed, they're making phone calls. while we are basically in this cocoon where our websites, our tv shows and our radio shows, talk show hosts are telling us, everything's okay. you're going to win. and anybody that says otherwise is just a part of the left-wing socialist conspiracy....